Yes, I've got BBGUN in my workshop right now. It's lying dismantled on one of the workbenches, like a clock that's had an unfortunate encounter with a curious child. I only hope I can put it back together again.
For those of you who don't know what BBGUN is:
BBGUN:
(Fml( "BBSFT" ) + Fml( "BBTSF" ))/2
BBSFT:
(((TSF(C,21)+1.62*Std(C,21)-Mov(C,21,S))/(3.24*Std(C,21)))*10)-5
BBTSF:
(((TSF(C,13)+2*Std(C,21)-Mov(C,21,S))/(4*Std(C,21)))*10)-5
Chan's suggested triggers for BBGUN are plus and minus 3.4. When you plot BBGUN -- and I plotted them with trendlines at those thresholds -- you can see what he means.
BBGUN shows where those TSF lines are in relation to the bands. If they're near the lower band (around minus 3.4) you're looking at a possible buy. If they're near the upper band, it's a possible sell.
Yes, the Bollinger bands are back! |
